Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Short Interest Down 32.3% in August

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 6,300 shares, a decrease of 32.3% from the August 15th total of 9,300 shares. Based on an average trading volume of 31,100 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 31,100 shares, the days-to-cover ratio is currently 0.2 days.

Clough Global Dividend and Income Fund Stock Up 0.2%

Shares of GLV stock opened at $5.92 on Tuesday. The company has a 50 day moving average price of $5.71 and a 200 day moving average price of $5.55. Clough Global Dividend and Income Fund has a one year low of $4.88 and a one year high of $6.30.

Clough Global Dividend and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.0526 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) annualized dividend and a yield of 10.7%.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A number of hedge funds have recently added to or reduced their stakes in GLV. Raymond James Financial Inc. increased its stake in shares of Clough Global Dividend and Income Fund by 6.3% during the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock worth $381,000 after purchasing an additional 3,948 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Clough Global Dividend and Income Fund in the first quarter valued at $45,000. Allworth Financial LP acquired a new stake in Clough Global Dividend and Income Fund in the 2nd quarter valued at $51,000. NWF Advisory Services Inc. acquired a new stake in Clough Global Dividend and Income Fund during the 2nd quarter valued at $59,000. Finally, Transcend Capital Advisors LLC acquired a new stake in Clough Global Dividend and Income Fund during the 1st quarter valued at $87,000.

Clough Global Dividend and Income Fund Company Profile

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.